Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 27,581 ↓ 0.3% since 2020 |
| Median Household Income | $79,267 6% above national median |
| Median Home Value | $166,000 |
| Unemployment Rate | 3.6% |
| Median Age | 41.7 years |
| Housing Vacancy Rate | 6.9% |
| Total Land Sales (Past 12 Months) | 194 transactions |
| Active Listings | 61 properties |
| Avg Days on Market | 544 days |
Rural Land Sales (1+ Acres) (Dec 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $4,950 |
| Recent Sales | 149 transactions |
| Avg Days on Market | 559 days |
| Avg Parcel Size | 20.90 acres |
| Active Listings | 45 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 1.89 | $11,000 | $5,820 | Bassett |
| Mar 2026 | 20.87 | $32,000 | $1,534 | Bassett |
| Mar 2026 | 1.00 | $50,000 | $50,000 | Bassett |
| Mar 2026 | 3.63 | $49,900 | $13,731 | Martinsville |
| Feb 2026 | 1.48 | $7,000 | $4,720 | Martinsville |
| Feb 2026 | 1.12 | $10,000 | $8,929 | Ridgeway |
| Jan 2026 | 1.14 | $16,000 | $14,035 | Ridgeway |
| Jan 2026 | 36.25 | $55,000 | $1,517 | Bassett |
| Jan 2026 | 59.10 | $199,500 | $3,376 | Bassett |
| Dec 2025 | 73.30 | $400,000 | $5,457 | Axton |
Suburban/Urban Land Sales (Under 1 Acre) (Nov 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $8,500 |
| Recent Sales | 45 transactions |
| Avg Days on Market | 496 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 16 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.40 | $4,000 | Bassett |
| Mar 2026 | 0.40 | $4,000 | Bassett |
| Mar 2026 | 0.40 | $4,000 | Bassett |
| Mar 2026 | 0.49 | $4,000 | Bassett |
| Mar 2026 | 0.57 | $5,000 | Bassett |
| Feb 2026 | 0.47 | $73,000 | Ridgeway |
| Feb 2026 | 0.39 | $7,000 | Martinsville |
| Jan 2026 | 0.33 | $4,750 | Martinsville |
| Nov 2025 | 0.47 | $28,000 | Bassett |
| Nov 2025 | 0.50 | $14,000 | Bassett |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 50,365 |
| Population (2020) | 50,948 |
| Population Growth | -1.14% |
| Median Household Income | $48,445 |
| Median Home Value | $120,300 |
| Total Housing Units | 25,445 |
| Vacant Housing Units | 4,942 |
| Housing Vacancy Rate | 19.4% |
| Median Age | 47.9 |
| Bachelor's Degree or Higher | 3,689 (7.3%) |
| Unemployment Rate (BLS) | 4.6% |
Market Overview
Henry County, Virginia has a population of 50,365, which has declined 1.14% since 2020. The median household income is $48,445, below the national median of $74,580 by 35.0%. With a median home value of $120,300 and an unemployment rate of 4.6%, the local economy is struggling. The housing vacancy rate of 19.4% suggests soft market conditions. Henry County is part of Virginia's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $4,950 per acre, with properties averaging 20.90 acres. There are currently 61 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Henry County, Virginia?
As of the 2023 American Community Survey, Henry County has a population of 50,365. The county has declined 1.14% since the 2020 Census.
What is the median household income in Henry County?
The median household income in Henry County is $48,445, which is 35.0% below the national median of $74,580.
Is Henry County growing or shrinking?
Henry County is shrinking. The population has declined 1.14% since 2020.
What is the housing market like in Henry County?
The median home value in Henry County is $120,300. The housing vacancy rate is 19.4%, which suggests soft market conditions. The unemployment rate is 4.6%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $4,950 per acre. Suburban/urban lots under 1 acre have a median lot price of $8,500.
Does Reelvest buy land in Henry County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Henry County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.